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As the former Czechoslovakia transformed from a relic of the old Eastern Bloc into one of the world’s largest automakers, Dolny Kubyn attracted investors such as Austrian auto parts maker Miba AG over the past three decades.
But in 2024, the region known as the “Detroit of Europe” will see renewed change as the continent moves ever more quickly to electric cars and the European Union (EU) encourages their local production. The difference this time is that it will not be necessary to catch up, but rather to avoid falling behind in order not to affect the dynamism of the economy.
Car manufacturers are not shying away from investing in the transition to electric cars. From 2025 Volkswagen AG will start producing fully electric SUV models in Slovakia and Volvo will build a new factory near Košice from 2026. Electric cars are also produced. It is not yet clear what lies ahead for the vast network of suppliers that form the backbone of the industry and support economic growth.
According to a study by GLOBSEC, an analysis center based in the Slovakian capital Bratislava, the transition to electric cars in Slovakia could result in the loss of around 85,000 jobs in a worst-case scenario. of jobs, 4.5 percent would remain unemployed. local workers.
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